Tech update: QuickBooks and iwoca join forces

Tech update: QuickBooks and iwoca join forces

The partnership has produced a first of its kind B2B buy now, pay later solution

Tech update: QuickBooks and iwoca join forces

At the end of every month, Accountancy Age unpacks the newest developments from the world of accounting and audit technology, to help your practice make informed purchasing decisions. This month, we cover the latest from Microsoft, Sage, Xero, and more.


iwocaPay integrates with QuickBooks (February 8)

iwocaPay, the B2B payment solution from digital Fintech firm iwoca, has launched its integration with QuickBooks to offer a buy now, pay later service to businesses.

The firm has said that this will be the first invoice checkout integration with a BNPL option for businesses that integrate with QuickBooks.

It also argued that the integration will enable “hundreds of thousands” of businesses to get paid faster and attain greater control over cashflow.

“The ability for them [businesses] to offer this flexibility to customers during today’s turbulent economic times will help B2B businesses attract more customers and make more money,” said Lara Gilman, co-lead of iwocaPay.

By signing up to iwocaPay, small business owners will have the ability to add the solution as an invoice payment option to their QuickBooks invoices.

Fluidly to shut down in April (February 7)

Cashflow forecasting app Fluidly will end cease trading on April 28 as it moves to fully integrate with OakNorth bank.

Founded in 2017 by Gravita CEO Caroline Plumb, and acquired by OakNorth in 2021, Fluidly has attracted more than 1,100 accounting partners and 500,000 connected businesses to its cashflow management platform.

But in what the firm has described as a natural progression, Fluidly will merge into OakNorth’s business to bolster its ability to support SMEs with financial projections.

At the time of launch, Fluidly said that it was “fundamentally rethinking” how businesses plan and managed finances, connecting to Xero or QuickBooks to create forecasts and model scenarios.

Oracle NetSuite bolsters offerings for mid-market (February 7)

Cloud vendor Oracle NetSuite has announced a series of new product developments aimed at helping UK organisations to “run more efficiently and increase the bottom line”.

The glut of seven announcements includes new planning and budgeting tools, analytics capabilities, and native integrations with products such as Shopify and ShipStation.

“With constantly changing obstacles and opportunities, UK organisations need to have full control of their data to find new ways to be more efficient, profitable, and drive growth,” said Evan Goldberg, founder and EVP of Oracle NetSuite.

“Our latest innovations help address the full spectrum of operational processes across finance, warehousing and distribution, commerce, HR, and more.”

The new developments will help UK businesses to “gain control” amid a turbulent economic climate, NetSuite added.

MTD ITSA pilot paused for new arrivals (February 7)

New registrations for HMRC’s MTD for ITSA pilot scheme have been paused, the tax authority has confirmed.

As reported by AccountingWeb, the Revenue has said that it is in the process of refreshing its testing strategy, and that stakeholders will be informed of any changes in due course.

The move closely follows the latest in a series of delays to the MTD ITSA rollout. Announced in December, the regime is now set to come into effect in April 2026.

Bridging tool TaxSheets quickly became the first victim of the postponement, announcing that it would be forced to cease its operations.


If you’re in accounting or audit tech and have a recent update the market should know about, email [email protected].

Accountancy Age’s latest research seeks to gather insight into how accountancy practices are structuring their advisory arms, the demand for certain areas of advisory, and who these additional services are being costed.  

To take part in this research, please click here  

Share

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

4m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

5m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

5m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article